What is the journal and payment entry of P.F and E.S.I
Answer Posted / lalit saxena
1-(a) salary a/c dr
to epf or esi of employee
to salary payable or individual
(being salary due for the month of ....)
1-(b)epf or esi of employee dr
epf of employer dr
to esf or esi payable
(being esi or epf of employer and employee transferred to payable a/c)
1-(c)esi or epf payable dr
bank a/c
(being esi or epf paid )
2-(a) salary a/c dr
to esi or epf payable
to salary payable or individual
(being salary due )
2-(b)
esi or epf payable dr
to bank a/c
(being esi or epf paid )
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